Pune, India - December 5, 2018 /MarketersMedia/ — Military Drones Market is projected to grow from US$ 12.1 Billion in 2018 to US$ 26.8 Billion by 2025, at a CAGR of 12.00% during the forecast period. Unmanned Aerial Vehicles (UAVs), also known as drones, are remotely piloted aerial vehicles, which are increasingly being used in the defense sector for a number of applications such as border surveillance, monitoring, surveying and mapping, combat operations, and product delivery.

The military drones market has been segmented into intelligence, surveillance, reconnaissance, and target acquisition, delivery and transportation, combat operations, and battle damage management. The delivery and transportation segment of the military drones market is projected to grow at the highest CAGR from 2018 to 2025.

Based on application, the Intelligence, Surveillance, Reconnaissance, and Target Acquisition (ISRT) segment is expected to lead the military drones market in 2018. The growth of this segment can be attributed to the increasing transnational and regional instability across the globe due to rising instances of terrorist activities.

Military Drones Market, By Range
• Introduction
• Visual Line of Sight (VLOS)
• Extended Visual Line of Sight (EVLOS)
• Beyond Line of Sight (BLOS)

North American region is expected to lead the military drones market in 2018. The US and Canada are key countries considered for the market analysis in this region. Increase in defense expenditures of the US and Canada and the presence of major UAV manufacturers in North America are key factors contributing to the growth of the military drones market in this region.

Military drones market has been segmented into North America, Europe, Asia Pacific, Middle East, Latin America, and Africa. North American region is estimated to be largest market for military drones in 2018. Increasing use of military drones for border & maritime surveillance activities in countries such as US and Canada is driving growth of military drones market in North American region.

Company plans to offer innovative solutions to create new opportunities for itself beyond the market it is currently catering to, that is, the military. It also intends to preserve the agility and flexibility of its products. The company plans to venture into new markets such as border surveillance, public safety, and infrastructure monitoring. Understanding the requirements of its customers and enhancing the technological capabilities of its UAS have helped the company maintain a strong foothold in the military drones market.